American States Water (AWR) Set to Announce Quarterly Earnings on Tuesday

American States Water (NYSE:AWR) is set to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. American States Water had a net margin of 20.97% and a return on equity of 13.54%. The company had revenue of $125.20 million during the quarter, compared to analyst estimates of $132.00 million. During the same quarter last year, the business posted $0.42 EPS. American States Water’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts expect American States Water to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

American States Water Price Performance

AWR traded up $0.34 during trading on Tuesday, reaching $70.59. 14,293 shares of the company were exchanged, compared to its average volume of 224,509. The company’s 50-day moving average is $70.94 and its two-hundred day moving average is $76.11. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 3.69 and a beta of 0.43. American States Water has a 12-month low of $66.03 and a 12-month high of $92.85. The company has a quick ratio of 1.13, a current ratio of 1.24 and a debt-to-equity ratio of 1.12.

American States Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Friday, February 16th. American States Water’s dividend payout ratio is currently 51.04%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company decreased their price objective on shares of American States Water from $79.00 to $77.00 and set an “underweight” rating for the company in a report on Friday, February 23rd.

Insiders Place Their Bets

In other American States Water news, Director Thomas A. Eichelberger bought 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $71.21 per share, for a total transaction of $99,694.00. Following the completion of the transaction, the director now owns 5,850 shares of the company’s stock, valued at approximately $416,578.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.82% of the company’s stock.

About American States Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.